https://knews.kathimerini.com.cy/en/business/hellenic-mulls-over-selling-delinquent-loans
Hellenic Bank posted a €35 million net profit for the first half of 2018, with the bank’s CEO Ioannis Matsis stating that the bank is ready to launch a tender for the sale of a portfolio of non-performing exposures within the next six months...
https://knews.kathimerini.com.cy/en/news/forbes-calls-wilbur-ross-a-‘grifter
US Secretary of Commerce Wilbur Ross, the former vice-chairman of Bank of Cyprus, is being accused of being a grifter, following allegations that he swindled associates out of millions...
https://knews.kathimerini.com.cy/en/business/government-and-co-op-begin-consultations-with-bidders
https://knews.kathimerini.com.cy/en/business/co-op-receives-two-bids-in-good-bank-bad-bank-scenarios
The Cooperative Central Bank (CCB) announced on Monday it has received two bids as part of its privatisation process launched in March, with one bidder going after the ‘good bank’ scenario just as the European Commission approved the acquisition of Altamira Cyprus by a joint platform with CCB and one of the bidders...
https://knews.kathimerini.com.cy/en/business/sainsbury-s-and-asda-agree-13-3-billion-pound-merger
Sainsbury’s and Asda, the UK arm of Walmart, confirmed they had agreed a 13.3 billion pounds merger to create Britain’s biggest supermarket group by market share, surpassing current leader Tesco...
https://knews.kathimerini.com.cy/en/news/trump-and-macron-seek-stronger-measures-on-iran-as-deadline-looms
With a May 12 deadline looming for Trump to decide on restoring US economic sanctions on Tehran, Macron said he spoke to Trump about a “new deal”...
https://knews.kathimerini.com.cy/en/business/cyprus-recovery-is-being-recognised-by-international-agencies
Fitch does not currently anticipate developments with a high likelihood of leading to a downgrade...
